IMPERIAL COMMUNICATIONS
LOW RECORD FOR RECEIPTS. A further severe fall in llie receipts of Imperial anrl International Communications, Limited, is shown by the return for August, the amount having been only £334,326, as compared with the previous lowest record of £371,704 in May. Owing to changes in the accounting of earnings of subsidiaries, (lie month's receipts are subject to a deduction of £13,500 to permit comparison with last year's returns; that leaves a net total of about £316,000, as against £411,000 in August, 1930. The gross total for eight months of this year is £3,096,049, which is reduced by deductions to £2,966.549 for comparison with the total of £3,656,033 in the corresponding period of last year. According to the company's report for IP3O, operations after the first fivo months of the year were conducted at a loss. The receipts in June, July and August were £1,261,781. For those months of this year the net total is only £1,025,600.
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Bibliographic details
New Zealand Herald, Volume LXVIII, Issue 20986, 24 September 1931, Page 10
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158IMPERIAL COMMUNICATIONS New Zealand Herald, Volume LXVIII, Issue 20986, 24 September 1931, Page 10
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